What You Must Know
- Yie-Hsin Hung will succeed Cyrus Taraporevala in December.
State Avenue Corp. has appointed New York Life Funding Administration CEO Yie-Hsin Hung as president and CEO of State Avenue International Advisors, its asset administration enterprise.
She’s going to be part of the group in December, succeeding Cyrus Taraporevala, whose deliberate retirement the agency introduced earlier this yr. Taraporevala will assume the position of advisor and keep by way of early 2023 to offer a easy transition, State Avenue mentioned.
Hung will report back to State Avenue Chairman and CEO Ron O’Hanley and be part of State Avenue’s govt committee.
She has served as New York Life Funding Administration CEO since 2015, main the multi-boutique, world funding administration enterprise to attain an almost four-fold improve in property beneath administration. Hung beforehand served in quite a few senior govt roles at NYLIM, and earlier held management positions at Bridgewater Associates and Morgan Stanley.
“We’re delighted to welcome Yie-Hsin to State Avenue. She is an business veteran, who brings to International Advisors her notable historical past of delivering progress,” O’Hanley mentioned. “Her profession has been spectacular, efficiently delivering sturdy outcomes as she expanded NYLIM’s funding capabilities, entered new markets and strengthened the enterprise’ information and expertise infrastructure. She additionally brings a real dedication to fostering a tradition of inclusion, collaboration and product innovation.”